Good case for partial SOE privatisation?
“Uhhh, hello? Dial back a generation”
|History repeats itself, first as tragedy, then as farce|
We need “to think more about partially privatising state owned assets” according to Professor Susan Watson and senior lecturer Chye-Ching Huang of Auckland University’s Business School's Commercial Law department.
The comments from readers of the opinion piece in today’s Herald are perhaps best summarised by a contributor signing off as MBG; “Uhhh, hello? Dial back a generation” and it sure does seem familiar - ‘deja vu all over again’ as Yog Berra would have it.
The privatising - assets stripping agenda of the ‘80’s and ‘90’s wasn’t such a success, as noted by the OECD’s 2003 economic survey “the mystery is why a country that seems close to best practice in most of the policies that are regarded as the key drivers of growth is nevertheless just an average performer”1.
Still we have been warned, privatisation is on the agenda this year and the softening up has started.
Read the article here
1“ A rowing boat on the open sea, or in a haven from financial and environmental crises? - New Zealand, the GFC, and a union response” Bill Rosenberg .P7